DynaMotive Technologies Corporation Announces Nasdaq Review Panel Decision

7 January 2000
DynaMotive Technologies Corporation Announces Nasdaq Review Panel Decision
    VANCOUVER, British Columbia, Jan. 7 -- DynaMotive
Technologies Corporation (OTC Bulletin Board: DYMTF) announced today that the
Nasdaq Listing and Hearing Review Council has affirmed the April 16, 1999
decision of the Nasdaq Listing Qualifications Panel to delist DynaMotive's
shares from the Nasdaq Stock Market.  The Qualifications Panel had previously
determined to delist DynaMotive's shares following the Company's failure to
maintain the minimum continued listing requirements of $1 per share.
    Commenting on the Review Council's decision, DynaMotive's President and
Chief Executive Officer Andrew Kingston said, "While we are understandably
disappointed with the decision of the Review Council not to permit DynaMotive
additional time for its share price to recover from last year's decline, we
fully expect that in the near future our share price will return to a price
level enabling us to apply for re-listing with the Nasdaq Stock Market."
    DynaMotive Technologies Corporation is a world leader in the development
of BioOil clean fuels for "green" power generation.  BioOil is produced
using a unique waste-to-energy technology that converts low-value forest and
agricultural waste into a petroleum-like liquid.  Unlike fossil fuels, BioOil
is renewable, clean burning, low in emissions, greenhouse gas neutral and can
be produced economically from waste products.  The Company's DynaPower
division produces industrial metal cleaning systems that eliminate the need
for toxic chemicals traditionally used by the wire manufacturing industry to
clean their products.  DynaPower systems are now in use in eight countries.

    Forward Looking Statement
    Statements in this news release concerning the company's business outlook
or future economic performance; anticipated profitability, revenues, expenses,
or other financial items; and statements concerning assumptions made or
expectations as to any future events, conditions, performance or other
matters, are "forward-looking statements" as that term is defined under the
Federal Securities Laws.
    Forward-looking statements are subject to risks, uncertainties and other
factors which could cause actual results to differ materially from those
stored in such statements.  Such risks, uncertainties and factors include, but
are not limited to, changes and delays in product development plans and
schedules, customer acceptance of new products, changes in pricing or other
actions by competitors, patents owned by the Company and its competitors, and
general economic conditions, as well as other risks detailed in the Company's
filings with the Securities and Exchange Commission.

    For further information:  Raymond McAllister, Director, Corporate
Communications 604-267-6000, or fax 604-267-6005, or toll free 1-877-863-2268,
email: investor@dynamotive.com, website: http://www.dynamotive.com .